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SEC Sues Elon Musk: $150M Twitter Scandal Shocks Investors

  • Elon Musk is facing an SEC lawsuit for failing to disclose his stake in Twitter within the required timeframe.
  • Musk's delayed disclosure allowed him to purchase Twitter shares at lower prices, saving him at least $150 million.
  • Investors suffered significant losses due to the suppressed stock prices caused by the undisclosed ownership.
  • This lawsuit adds to the controversies surrounding Musk since his acquisition of Twitter.

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